US-SOUTH AFRICA TRADE

Finweek English Edition - - IN THE NEWS -

US ex­ports

US im­ports

AGOA (in­clud­ing GSP* pro­vi­sions)

im­ports

GSP* im­ports

AGOA im­ports

2012

7 078 557

8 695 457

3 677 563

1 294 211

2 383 352

2013

6 699 656

8 392 134

3 668 361

1 089 865

2 578 496 *GSP = Gen­er­alised Sys­tem of Pref­er­ences. In­di­cates trade un­der pref­er­en­tial terms this was wholly re­jected by the US since it would cut into prof­its of the US poul­try pro­duc­ers. “They don’t want to deal fairly,” said Lovell. As far as they are con­cerned “it’s a ter­ri­ble idea”.

The im­ports are due to be­gin in around six to eight months, but vi­tal de­ci­sions still need to be made. David Wolpert, CEO of the As­so­ci­a­tion of

2014

5 560 413

8 269 567

3 103 881

1 356 248

1 747 633 Meat Im­porters and Ex­porters of South Africa, said no in­di­ca­tion had been made on who would qual­ify to be an im­porter and on what ba­sis. Also, the im­port quo­tas of 65 000 tons per an­num would be in­creased an­nu­ally, but no de­ci­sions had been made about how this in­crease would be cal­cu­lated.

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